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Mandriva Linux Maker Could Face Bankruptcy in 10 Days
Posted by Philipp Esselbach on: 01/07/2012 12:19 PM [ Print | 0 comment(s) ]
A conflict among Mandriva shareholders is reportedly preventing a much-needed infusion of capital.
From PCWorld:
Mandriva Linux Maker Could Face Bankruptcy in 10 Days
Recently, however, the software's French publisher revealed that several efforts to increase the company's capital had been rejected by a key shareholder, with the result that it will likely declare bankruptcy on Jan. 16.
'I Will Declare Bankruptcy'
“I regret to inform you that none of the recapitalization schemes that were proposed at the meeting of shareholders on December 5 was accepted,” wrote Mandriva CEO Dominic Loucougain in a letter to shareholders dated Dec. 23, 2011, and published on the Mandriva Forum on Friday.
'I Will Declare Bankruptcy'
“I regret to inform you that none of the recapitalization schemes that were proposed at the meeting of shareholders on December 5 was accepted,” wrote Mandriva CEO Dominic Loucougain in a letter to shareholders dated Dec. 23, 2011, and published on the Mandriva Forum on Friday.
Mandriva Linux Maker Could Face Bankruptcy in 10 Days
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